GigaCloud Technology Inc’s filing revealed that its Head of BaaS Program Bernes Marshall acquired Company’s shares for reported $87500.0 on Dec 27 ’24. In the deal valued at $17.50 per share,5,000 shares were bought. As a result of this transaction, Bernes Marshall now holds 45,000 shares worth roughly $0.53 million.
Then, WAN XIN sold 466 shares, generating $9,320 in total proceeds. Upon selling the shares at $20.00, the Chief Technology Officer now owns 0 shares.
Before that, WAN XIN sold 68,437 shares. GigaCloud Technology Inc shares valued at $1,398,103 were divested by the Chief Technology Officer at a price of $20.43 per share. As a result of the transaction, WAN XIN now holds 1,563 shares, worth roughly $18287.1.
ROTH MKM downgraded its GigaCloud Technology Inc [GCT] rating to a Neutral from a a Buy in a research note published on March 04, 2025; the price target was decreased to $15 from $32. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Maxim Group began covering GCT with “Buy” recommendation on May 22, 2024. ROTH MKM started covering the stock on June 16, 2023. It rated GCT as “a Buy”.
Price Performance Review of GCT
On Friday, GigaCloud Technology Inc [NASDAQ:GCT] saw its stock jump 1.04% to $11.70. Over the last five days, the stock has lost -12.10%. GigaCloud Technology Inc shares have fallen nearly -36.83% since the year began. Nevertheless, the stocks have fallen -62.28% over the past one year. While a 52-week high of $41.31 was reached on 01/30/25, a 52-week low of $11.49 was recorded on 04/11/25. SMA at 50 days reached $16.54, while 200 days put it at $21.59.
Levels Of Support And Resistance For GCT Stock
The 24-hour chart illustrates a support level at 11.34, which if violated will result in even more drops to 10.99. On the upside, there is a resistance level at 11.88. A further resistance level may holdings at 12.07. The Relative Strength Index (RSI) on the 14-day chart is 32.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.57%. Stochastics %K at 14.75% indicates the stock is a buying.
How much short interest is there in GigaCloud Technology Inc?
A steep rise in short interest was recorded in GigaCloud Technology Inc stocks on 2025-03-31, dropping by -0.16 million shares to a total of 5.44 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.6 million shares. There was a decline of -2.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 03, 2022 when Aegis Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $26 price target.
